Sunset Capital Assets Inc (OTCMKTS:SNST) Stock Attempts To Rebound: How to Trade Now?
Sunset Capital Assets Inc (OTCMKTS:SNST) stock was in focus as the stock ended higher on Wednesday. The stock has slumped 50% over the past month.
Market Action
In the previous trading session, SNST jumped 3.50% to $0.75. A total of 40K shares traded for the session hands, well above its average volume of 17K shares. The stock opened at $0.65 and moved in a range of $0.6500 – 0.8050.
Key Trigger
Sunset Capital Assets : Aphex BioCleanse Systems Appoints Tom Fitzgerald as Chairman of the Board; Adds Scott Buckley as New Board Member
Sunset Capital Assets announced that the Company has appointed Tom Fitzgerald as Chairman of the Board and Director of Operations Scott Buckley as a member of the Board of Directors.
Fitzgerald is a seasoned business professional and visionary leader with more than 35 years of experience as an attorney, senior executive and consultant in the biopharmaceutical and consumer products industries. He has held numerous positions on the Board of Directors for both public and private domestic and international entities and has led a variety of companies to pursue regulatory and legal compliance approvals for a variety of products, prescription drugs, over-the-counter (OTC) medicines, medical devices and drug delivery systems.
He has also managed joint ventures and strategic alliances between major pharmaceutical companies and accredited manufacturing facilities in the US and the EU. Fitzgerald is a graduate of Boston College, Chestnut Hill MA and the St. John’s University School of Law. He has been admitted to practice law in New York and Connecticut state and federal courts.
Key Quote:
“I’ve been the Director of Operations for Aphex since its inception, helping with the development and research of Hy-IQ® Water, and it’s an honor to be able to continue to serve the Company’s mission in this capacity,” said Scott Buckley, Aphex’s newest Board member. “I am confident that the future of Aphex is bright because of its strong intellectual property and commitment to coming up with creative, effective solutions to some of the world’s largest problems.”
Trader Notes:
SNST stock is looking weak as it is trading below all the key moving averages with 50-day and 200-Day SMA stand at $1.29 and $1.54 respectively. The stock has lost 50% over the past 3-and 45% so far this year. The RSI stood at 35.
